Managing cross-border risk in a global economy: Understanding where you do business

Managing cross-border risk in a global economy: Understanding where you do business
Download Managing cross-border risk in a global economy: Understanding where you do business

Geography risk, though largely undefined for financial institutions, is a significant risk to anti-money laundering efforts. Therefore, it should be integrated into a risk-based approach for anti-money laundering compliance. Failing to manage geography risk widens the potential for money laundering and terrorist financing--as well as regulatory criticism and fines.